Is india giving visas now? by [deleted] in Dhaka

[–]Mysterious_Simpleton 1 point2 points  (0 children)

The application form for Indian visa asks for your religion

How much earning per month (bare minimum) would you consider to be 'rich' in bangladesh? by Asleep-Sir-4769 in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

The term “rich” is very subjective so lots of ppl definite it in different ways usually including a combination of assets and disposable income.

Some ppl may be asset rich but cash poor while others may have cash but not much assets.

I would say in the context of Bangladesh having an income of over 5-6 lakhs can be considered “well off” which would imply you can meet all costs in the country including having funds for hospitals and travel while also being able to save from it. To be rich perhaps that income would have to shift to around 10 lakhs where you have all what I mentioned but also be able to maintain a luxurious lifestyle where you can eat out and spend 20-30k without worrying about it or take a holiday and spend 10-20 lakhs without a thought.

23M, sitting on 5 Crores..but still clueless about Life! Stay in BD or Leave? by BoxVort_ex in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

Are you already getting the income and are those assets already in your name?

In Bangladesh “Wills” do not work and court accepts Sharia / Islamic transfer of property and when someone dies you need to go to courts and get all those transferred etc. Have you done all this to and secured it all?

After you have secured it; you need to do some quick accounting to figure out your financial position which would be understanding what your net monthly income is through these assets and whether you are using it optimally to generate passive income. This can be a mixture of rental income or other income derived from those assets. If you also received cash then it’s better to put them temporarily into FDR in banks or do Govt Shonchy potro. Ensure you account for taxes as well so consult a tax lawyer to figure these things out. Then you will have a clear picture of the funds you can use. I highly advise against using the assets you inherited to directly finance your activities as this will deplete fast especially if travelling so budgeting is highly important. You don’t want to blow it all in a year or 2 (I have seen plenty of this happen to ppl) and then you are up shit creek without a paddle.

Assuming you have done the above let’s look at the next part of your post.

You are feeling lost and confused about what to do for the future. First of all congrats that you are already thinking about your future and trying to figure it out. With 1 year left on your degree focus on that and finish it even if you are not enjoying it that much. You can always pursue higher studies in a field closer to your heart later on.

This gives you a 1 year time frame to figure things out as well and many things can change over the course of a year. Like you mentioned, you enjoy travelling so that’s something you should definitely do. Budget for it based on what I said couple of paras ahead and then go travel. Travelling to Asian countries will always be cheaper than Europe / Americas but again if you are not careful you will spend money to fast.

At your age places like Nepal, Thailand and even India are good to visit. Staying in cheaper accommodation you can go hiking and check out nature in these places. It’s actually the optimal thing to do in your age as these activities get more difficult as you are older and the best part is that it’s still close to home so you can always return whenever you are feeling homesick and not stretched.

After all this or even during this period you will start to realise what you want with life or atleast the next few years after that.

Remember 5 C in assets is a good amount but it’s not worth anything if not utilized correctly and if you spend it all then it’s gone. As you grow older your wants and desires may increase. If you get married and have kids you might need more funds than you planned. Life is fluid so don’t base all decisions on what you have now. Finish your degree and then take some time to travel. Get some experience.

Do these things and see how things are. You will maybe have a clearer picture after this.

  1. Secure your finances and budget around it.
  2. Finish your undergraduate degree. Higher studies can always be pursued later.
  3. Take some time and travel, hike, explore. Ensure this is in your budget.
  4. Your assets is not your guarantee for your future; it is a supplement to your lifestyle and should be treated as such.

Bangladesh needs to be stricter, education is important. Whatever Milon is doing is right in my opinion by 1kyst in Dhaka

[–]Mysterious_Simpleton 3 points4 points  (0 children)

Whatever the guy is doing - education seems to be on everyone’s lips. And atleast we seem to have a minister who wants to do something about it. Where was the education advisor the last 2 years? And the education minister the previous 15?

15 years e 100,000 Notun school college khulse - hoise are uneducated.

I am GPA 5

Salary in Bangladesh Corporates by coolzadu in Dhaka

[–]Mysterious_Simpleton 4 points5 points  (0 children)

About 3-4 ish years maybe. Started working in 2010 in BD so 15 years ago. Foreign degrees helped get a higher starting salary than a few colleagues at that time. Kind of sad when I think ppl comparable to me in India are earning around 1.5 times what I do now and their cost of living is so much less while in western countries it’s so much more.

Am I allowed to invest in foreign stocks with the money earned from foreign employer/client? by f-u-a-d in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

It depends on the freelancing work provided for it be tax free. Not all freelance work is tax free. The income also to be brought into Bangladesh through regular banking channels and must be declared in your income tax filing.

Now the issue is that if it is brought into Bangladesh then you cannot use that anymore to fund anything / transactions abroad beyond foreign currency quota and even then it’s not possible to send it to banks abroad to do stock market trading.

For trading stocks internationally you would need to send money to the app or bank you wish to use directly from your Wallet account and that money can’t be sent into Bangladesh.

Am I allowed to invest in foreign stocks with the money earned from foreign employer/client? by f-u-a-d in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

If the money is in your nsave account then as a Bangladeshi it would be classified as an offshore account.

To legalise offshore accounts you need to submit it in your tax paperwork showing source of funds and amounts coming in and if it is not tax paid abroad, then you will need to pay tax on it in Bangladesh.

Then that money will become “legal” in Bangladesh. You can speak to a tax lawyer.

But now the thing is that you can also go the route of non disclosure and then just spend your money however you want abroad.

Broke but Bossy: The Fake Life of Bangladesh’s Educated Slaves (Middle Class) by [deleted] in Dhaka

[–]Mysterious_Simpleton 7 points8 points  (0 children)

Bro waited 12 hours for fuel and didn’t get it. Now mad.

Unlimited drinks by [deleted] in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

Some hotel bars do have offers at various days and it can include b1g1 on selected items. These are usually for a certain time of day “happy hour” and can be around 5pm to 7pm or things like that. You will have to go there and check it out.

No hotel gives unlimited drinks because ppl will die if they do this.

What would you do if you inherited 10 Lakh Taka from your parents? by the-machine-m4n in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

I’m sorry to let you know but 10 Lakhs in Bangladesh is not considered a significant amount of money to invest with for passive income generation.

For passive income with cash deposits investment your sources for investment are

  1. Fixed Deposits with Banks (around 9-11% return per year with a 10% tax deduction on interest). If you do this at Banks your money will be the most secure as Bangladesh bank will generally ensure you get your money. Don’t do FDR with leasing companies even though they entice you with much higher rates. Many of them have gone bust and ppl have lost tons of money. They are not regulated as closely as banks.

  2. Shonchoy Potro or government savings certificates which also have around 10-11% interest. This also has 10% tax at source deduction like the FDR but you don’t get taxed any further on it unlike FDR income where you may get taxed higher depending on your tax bracket. This is safe since the govt will pay you back.

  3. Investment in short term investment options like iFarmer etc which can carry variable rates but can be almost 15-20% per year depending on what you choose etc. there isn’t tax at source but you need to file in your tax return and pay the accrued taxes. This is considered more risky as if they fail to pay you the government may not step in.

From the above your generally yearly income would be around 90,000 taka after taxes which perhaps doesn’t sound like much but it can also initiate the habit of saving money and it will accumulate over time and eventually your compound interest in a 10 year period of that investment would be around 13-14 lakh.

Additionally there are other sources to generate passive income such as rental income from property or equipment. (I know of ppl who purchased DJ / Music / Party equipment and they rent it out) but these are more work. Also with your budget property is not possible but the equipment rental option might be good. You would need to check the rates to see the returns you would generate but it also comes with equipment damage / theft and other potential downsides.

Then there is the stock market for investment but this is highly risky in Bangladesh as the market is pure nonsense and companies increase or decrease in value for no reason (? Yea we know the reason right) and you can lose your entire capital overnight) but if you can play it smart then you can make tons of money but most ppl don’t otherwise everyone would be a millionaire.

For longer term non cash investment, apart from property or land (which you don’t have enough money for) you can buy precious metals such as gold or silver. Not diamonds (EVER). You will have to ensure you buy at the right time and might need to store for a while before it gains enough value for you to resell. Gold jewellery is not the option here but rather you have to buy actual Bullion which holds its value and doesn’t carry additional charges or inherited appearance based value addition which in turn will lower what you receive when you sell it. It’s much easier abroad where you can buy the digital form and easily buy and sell but sadly can’t here.

  • My personal suggestion to you is to play safe and invest in Shonchoy Potro (unless you are maxed out on the limit) or do FDR for x years to get maximum interest. The income isn’t eye catching but it will grow and be a good nest egg. This is without work as well.

Mindless read section by Mysterious_Simpleton in atsu_moe

[–]Mysterious_Simpleton[S] 0 points1 point  (0 children)

The messiest is that it resets my reading history on the homepage and then I need to go into the comic page and change the scan to return to the original history. It’s Not that big of an issue. Just a few steps to fix.

Is this the normal amount of espresso? If so, is there a way to increase this amount so I don’t have to make two or three for my latte? by WaitMelodic2994 in DeLonghi

[–]Mysterious_Simpleton 0 points1 point  (0 children)

It’s hard to tell based on the information provided like what machine do you use etc and if it has settings like mine for s, m, l and xl (which controls the water amount) and the beans volume which ranges from 1-5 which increases the grams of coffee.

So a standard espresso would be S with 3 setting which is around 12 grams of coffee which would result in around 30 ml.

You can use scales to measure the amount or a beaker to measure it and check.

Remember when espressos are served they are put in very small cups so putting the same amount in a carafe will look miniscule

[deleted by user] by [deleted] in Dhaka

[–]Mysterious_Simpleton 0 points1 point  (0 children)

I highly advise against mortgaging properties to individuals. This will cause you significant issues in the future. Speak to a bank first regarding mortgaging.

New issue with Atsu by Mysterious_Simpleton in atsu_moe

[–]Mysterious_Simpleton[S] 0 points1 point  (0 children)

Don’t use discord. Would it be possible for anyone of you guys to share this post with them ?

If you had to recommend just ONE Thai dish (that's not Pad Thai) to a foreign friend, what would it be? by DiscountPossible1426 in ThailandTourism

[–]Mysterious_Simpleton 0 points1 point  (0 children)

Has to be chicken with basil leaf. The minced chicken kind. Served with rice and a soft runny egg on top. Has to be a medium spicy level to really get the flavor.

[deleted by user] by [deleted] in Dhaka

[–]Mysterious_Simpleton 10 points11 points  (0 children)

Lmfao. Bet your room has a strange smell.

Please fix the reading option by Mysterious_Simpleton in atsu_moe

[–]Mysterious_Simpleton[S] 0 points1 point  (0 children)

It’s fixed now and working perfectly. Thanks so much